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Lot 44 Sold: £5,100

Auction: Thursday 28th February 2019

Flat 5, The Prospect Precinct, Gloucester Road, Worksop, Nottinghamshire S81 0RS

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Lot 44   Click here for addendum

Reversionary Ground Rent Investment
6 Week Completion

Situation

Located close to the junction with Blyth Road, in this shopping precinct occupied by such multiples as Betfred, Sainsbury's, Martins, Post Office, Cooplands and other local traders serving the surrounding residential area, lying approximately 1¼ miles north-east of the town centre.
Worksop is located approximately 15 miles east of Sheffield and 23 miles north of Nottingham, enjoying excellent road access to the M1 (Junction 31) via the A57.

Property

Forming part of a shopping precinct comprising a Self-Contained Flat at first floor level and a Garage.

Accommodation

First Floor Flat
Not inspected - believed to be 1 Bedroom, Living Room, Kitchen, Bathroom/WC
Garage 8'3" × 16'10"

VAT is NOT applicable to this Lot

Freehold

Tenancy

The property is let on a full repairing and insuring lease to an individual for a term of 99 years from 29th September 1972 at a current rent of £272.75 per annum exclusive.

Valuable Reversion in approx. 52½ years.

Enquire about this lot:

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

Photo of Zac Morrow

Zac Morrow
020 8492 9449
zmorrow@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.